EIC chose Octoteq for detailed evaluation

Good news came from the European Innovation Council. The team of four independent evaluators selected the Octoteq project, with its, now patented offshore platforms, as a potential investment candidate under the EIC Open Accelerator. The project presented its unique solution to power generation from renewable sources, based on the combination of all three power generating systems (solar, wind, wave).

This success is putting more work in front of the team and their partners, as they are now due to preparing a full project description and business plan. As one of the benefits, the team will receive support from EC/EIC. There is continuous support for the project from partner universities as well as commercial organisations.